Wilton Re Completes the Acquisition of Payout Annuity and BOLI/COLI businesses from Aegon’s Transamerica Unit
Wilton Re Completes the Acquisition of Payout Annuity and BOLI/COLI businesses from Aegon’s Transamerica Unit
June 29, 2017
(Norwalk, CT) Today, Chris Stroup, Chairman and CEO of Wilton Re, confirmed the successful completion of a transaction to acquire Transamerica’s two largest US run-off businesses: the payout annuity business and the bank owned / corporate owned life insurance business (BOLI/COLI). In total, Wilton Re has assumed $14 billion of general account and separate account liabilities through administrative reinsurance agreements with Transamerica subsidiaries. Wilton Re will now assume administration for the business.
About Aegon
Aegon’s roots go back more than 170 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on Aegon’s homepage here.
About Wilton Re
Wilton Re is a leading provider of In Force Solutions. Focusing on the North American life insurance market, the Company provides risk capital and related services including M&A. Our administrative capabilities provide the industry with efficient and effective runoff management of legacy blocks of life insurance and annuity contracts.
The Company also partners with companies to implement new business strategies for middle-market sales, with an emphasis on worksite, senior market and simplified term products. Wilton Re offers fully customized solutions that include private labeling with supporting delivery and administrative systems.
Wilton Re is committed to creating solutions that enhance value for our clients, their policyholders and shareholders. Our approach is centered on building lasting relationships with our business partners and sharing resources, industry knowledge and experience in an open, transparent manner.
To find out more about our group of companies, please go to www.wiltonre.com, www.texaslife.com, www.ivari.ca